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FOX News
Nov 27, 2012 9:00pm PST
together, announce a temporary deal has been reached to avoid falling off the so-called fiscal cliff, but kicking the can down the room with a gimmick-filled back room deal that won't solve the true problems we face as a country. it's time to return to the mind-set that president kennedy spoke of in the year i was born in 1961, instead of holding out your hand for a check, we should all be asking what we can do to make this a better country to live in. here with the latest on the fiscal cliff, the showdown, much more, stuart varney from the fox business network and the cohost of "the five," dana perino. can i have free birth control, free healthcare? what's snowpacked. >> i don'what's happened?>> i dy wakes up in the morning, saying what can the government to give to me? there's still self determination to get ahead, but the government sits like a lead weight on our ankles. particularly if you get into a situation where the government is not just your safety net, but becomes part of your everyday life for maybe a generation or two, it becomes harder to break that cycle. >> look, i think deep down america knows th
CNBC
Nov 28, 2012 4:00am EST
cliff that may also hurt growth? >> one way or the other, there is a problem. if you kick the fiscal cliff down the road, then, you know, you're talking about the u.s. running deficits close to 4% to 5% over the next decade and that's cbo forecasts. if that occurs, you're talk about the debt getting more and more out of control. because the u.s. is the global reserve council, it's reliant on global reserve investment. >> just want to make sure that people have enough treasuries to trade. that's all it's about, charles. isn't that very generous? >> it is very generous. but left unaddressed, the fiscal problem is beginning to be a problem. but equally they don't want the full hit at this stage. so it is a matter of coming to some compromise, so you are going to have to see some kind of adjustment on the taxation side. that is what everyone is hopeful for. but it's still a political game. >> and we've been burned before. let's recap in the meantime a couple of developments in europe overnight. the european commission is expected to approve the restructuring plans of spags's na -- spain's national lend
ABC
Nov 28, 2012 6:00am PST
monitoring ongoing talks about the fiscal cliff. dow down 55 points. we go to jane king >>> good wednesday morning. the rain has been heaviest in the north bay, wind gusts along the coast into the south bay, that's why we have a wind advisory for the entire bay area and also a wind warning along the coast. winds have been in excess of 40 miles an hour. here's live doppler 7 hd with the yellows from the north bay offshore to around point rays and inverness as we head east richmond and kensington, light rain into san francisco, look what is coming your way within the next half hour, 15 minutes, you are getting wet, pescadero looking at wet weather here are the winds, we are just getting going heaviest window will be between 8:00 and 10:00 this morning. >>> now live outside for a couple of live shots what is outside in san rafael on the left, it is definitely getting light rain but lisa says they are in a break now with the heavier stuff to come. picture from pacifica on your right that rain is starting to fall more heavily, the winds that's going to be the big issue gusts up to 50,
FOX
Nov 27, 2012 5:00pm PST
throughout the holiday season. >>> stocks were down over concerns of the fiscal cliff. the dow finished down by nine points. the s & p500 was down seven points at the close. >>> a lot to talk about with our weather let's get right to it. i think ken summed it up pretty well. it seems it's the calm before the storm. >> it is, and this is a healthy looking storm system. a series of storm systems. i have to tell you if it wasn't coming we would be going where's the rain. so this is what happens in california. i think we get something like this once every other year or once every year that we get a big serieses of storms. this is ours. this is the first one we may see more. we will come in a little bit closer and this first wave of showers moving through the bay area tomorrow morning during your commute. about 250 miles offshore. in that area, there are some -- very strong winds and even some thunderstorms behind it. the current radar. we have the radar sweep on. now when i come back tomorrow night and show you this radar sweep there's not going to be a lot on it. because the main event is tomorrow
FOX
Nov 28, 2012 5:00am PST
reports from the washington d.c. newsroom, allison burns has more on avoiding the fiscal cliff. >> reporter: he will sit down at the white house with some who backed mitt romney and also will be trying to sell his plan to avoid the so called fiscal cliff about spending cuts that kick in at the end of next month. it was another down day on wall street as investors grow increasingly worried about whether they can avoid financial disaster. they are deadlocked over raising taxes on well, the they are americans. -- wealthier americans. sea think he should stop campaigning. >>> they are working out an agreement and he is back on the campaign trail, presumably with the same old talking points we are quite familiar with. >> reporter: but they say the white house is fully engaged while taking his case to the public. >> now that the election is over, we should stop talking to them about these vital issues i think is bad advice. >> reporter: how the president is taking his message to social media i will have that during my next update. allison burns, ktvu channel 2 morning news. >>> and city leaders are asking for advance
PBS
Nov 27, 2012 4:30pm PST
lost nine, the s&p 500 down seven. >> tom: as susie mentioned, talks to resolve the fiscal cliff are moving slowly. one reason is that there is deep disagreement over whether entitlement programs like social security and medicare should be on the table right now or not, and the disagreement is sharpest over social security. darren gersh takes a look at why. >> reporter: the number-two man in the senate democratic leadership argues any fix for social security's finances should come after the immediate challenge is out of the way. >> i think we should take social security off the table for the current fiscal cliff and deficit discussion, but be very honest about what we're going to achieve in the near term. >> reporter: republicans pushed back, arguing social security is part of the deficit problem because it is no longer taking in enough in taxes to cover the benefits it pays out. social security makes up the difference by cashing in special treasury bonds it holds in its trust fund. but conservatives point out the money to redeem those bonds comes from taxpayers. >> it is money t
PBS
Nov 27, 2012 7:00pm PST
little progress over avoiding the fiscal cliff for selling. less-than-encouraging comments from the top democrat in the senate came after 2:00 p.m. eastern time, pushing the s&p 500 into negative territory. it finished down one half of one percent. trading volume on the big board was 684 million; just under 1.8 billion shares traded on the nasdaq. the energy sector fell 1%. the financial sector lost nine tenths of a percent, and telecommunications continues moving down, falling another seven tenths of a percent today. the big corporate news was in the food business. as suzanne reported earlier, conagra finally has a deal to buy ralcorp, and both stocks jumped to new highs. the target, ralcorp, shot up 26.4%, closing just below the buyout offer at $90. in a sign of enthusiasm for the deal, the buyer, conagra, saw its shares jump 4.7% to its highest price in more than a decade. all the holiday spending on televisions and mobile devices looks to be helping corning. it makes glass used in screens for electronics. the company raised its fourth quarter forecast. corning expects its specialty glass business to make up for declines in other products. shares rose 6.9%, volume tripled. green mountain coffee is best kn
CNBC
Nov 28, 2012 9:00am EST
with the president of the white house as we try to read tea leaves regarding the fiscal cliff. dow down 89 points. as we await the opening bell in a minute's time, i want to replay something from last night which conagra talked about the mood of the consumer. here's what he told cramer last night on "mad money." >> where do you see the consumer right now? >> it's a very bifurcated economy today with the consumer. you have high end consumers that are still feeling pretty good but in very basic every day needs like food as well as basic services, et cetera, people no matter what economic strata they're in, they are trying to save on those basics. >> explains a lot about where we are. >> took my breath away. what he's saying is there's a huge percentage of people trying to pay for dinner and dinner is tough to come by and you forget about that on a fiscal cliff discussion that will be even more difficult for people to pay for dinner and he did this acquisition because he knows people are hurting in this country. >> there's the opening bell. s&p at the top of your screen. here's big board at t
ABC
Nov 27, 2012 4:00pm PST
stock parkt. stocks ending the day down, investor as wait news on fiscal cliff bloomberg silicon valley was down on the day. sales of microsoft x box 360 are outpacing those with the new gaming system. a spokesperson blogged 750,000 consoles were sold in the u.s. last week, and that compares to just $400,000. the brand new wiiu, everybody fighting for those gamers and their)8áÑ attention during the holiday season. dan and carolyn, back to you. >> thank you. >> we're expecting big changes in the weather. >> yes. sandhya patel is tracking it all. it did sound intense. >> yes. with a first storm hitting during rush hour, timing of the storm does not look good. from our sutro camera, you can see clouds gathering as wewllo check out live doppler 7 hd. you can see these are clouds in advance of the storm system. the stormuhed not here yet, but we'll be watching for it as it arrives in the wee hours of the morning and we'll feel wind and rain coming down hard at times. temperatures now in the 50s and 60s, stormy for the morning commute. rain shifts to the north bay on thursday. and more wet and windy w
CNN
Nov 28, 2012 4:00am PST
in the short term. we're going to go over this fiscal cliff. >> we don't need to do that. the point i want to make is yes, entitlements need to be part of a long-term strategy but do it in a thoughtful way. we're down to four weeks here. i don't want to see the future of medicare, major changes, decided in the heat of the moment here. let's get through this fiscal cliff, let's find a way to avert it but let's at the end of the day take medicare and treat it as the important program it is for so many millions of americans. >> i've, i've speak with great respect to you, sir, but we're down to four weeks because of all of y'all, right? we're down to four weeks -- we're not down to four weeks because of me and any other voter. we're down to four weeks because congress has not gotten its act together and now we're down to four weeks and technically less because i think the last day for congress is december 14th. even though the fiscal cliff is december 31st. if you all go home, it's even fewer than 34, 33 whatever days. so i goes, it sounds like there's not going to be a deal. >> well, i think there will be. and just keep in mind, not trying to defend myself or anyone, congress certainly is to blame for th
MSNBC
Nov 28, 2012 9:00am PST
cliff. because on one hand some folks are saying and you would seem to be one of them, the fiscal cliff will not shut down the american economy. at the same time the president has said he will not go over the fiscal cliff. he has seemed to sort of say -- it's sort of a passive agreement perhaps that is not a good idea to go over the fiscal cliff. is this an example of democrats playing good cop/bad cop? >> what we are all saying is, it's not a good idea to go over the fiscal cliff. no one wants to see that happen. it is a bad idea. but a worse idea is to accept a compromise that allows the wealthy americans to continue to not pay their fair share because the result of that will be middle-class families will bear the entire burden of the challenges that this country faces. and that's not fair or responsible. so, if they don't agree to allow the extension of the tax cuts to go back to the clinton era for the top 2%, and we can't get an agreement and go off the fiscal cliff, then on january 1st we have a different scenario here. anything will be a tax cut and the reason that's important is apparently this grover
PBS
Nov 28, 2012 3:00pm PST
more talk of avoiding the much-discussed fiscal cliff. but as november wound down, the president suggested an agreement on taxes and spending could come in time for the holidays. >> i believe that both parties can agree on a frame work that does that in the coming weeks. in fact my hope is to get this done before christmas. >> you know me, i was born with the glass half full. i'm an optimist. >> brown: hopeful signs emanated from the white house and the capitol today, about getting a deal before the new year brings automatic tax hikes and spending cuts. president obama offered his optimism at an event with middle-class americans who'd be hit by any tax increase. >> i'm glad to see-- if you've been reading the papers lately-- - that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> brown: one such lawmaker is republican house member tom cole of oklahoma. the journal "politico" reported he's urging
CNBC
Nov 28, 2012 12:00pm EST
ceos on the economy and the fiscal cliff. let's go down to washington and get some reaction from our john harwood, who's been listening in. john, i think it's fair to say that the house speaker sounded a bit more conciliatory today, saying things like he's willing to put revenue on the table, yet again he's optimistic a deal can be reached. i'm not sure the president sounded so much. >> reporter: what you heard there, scott, was the president trying to leverage his advantage in public opinion. remember a couple things, first he just won the election. second of all, his position on raising taxes on top earners is very popular in the country, well over 60% of the american people say they want that to happen. you've begun to hear some republicans say they ought to do what the president just asked for. tom cole, a conservative congressman from oklahoma, former executive director of the republican national committee. he said yesterday republicans should just take the deal the president is proposing on the 98%, extend those tax cuts, and then fight over the contours of a tax increase for t
FOX Business
Nov 28, 2012 9:20am EST
we're going be to be down nearly 40 points. of we have this fiscal cliff and it's a deadline, the tax increases and more huge spending cuts it seems like the two sides are on impasse it looks likes it's shifted to entitlement reform or cuts and no serious movements in the negotiations and check the big board, the opening trenddis down and we're looking for a 40 point loss when things get moving. i've always said that green mountain coffee, a great day trader's stock, huge volume in the past, and even more so today, after the company raised its forecast of how much money it's going to make in the future. look at that, nicole, was that 20%? >> oh, my goodness, what a day for green mountain coffee roasters and come out with numbers that beat on the top and bottom line, an outlook beyond the analyst expectations and their keurig and single k-cups of coffee are doing so well and you and i know a the lot of folks have been shorting the stock, but i just look back to 2003, and their performance, it's up every single year, with the exception of 2008 where he lost 5%. stuart: amazing. >> a
FOX Business
Nov 28, 2012 4:00pm EST
caucus? she has abercrombie breathing down their necks and a fiscal cliff, certainly weakening the consumer, as we get closer there are a lot of things, despite how good the quarter was i would be shaking in my boots because there's a big tax bill coming come january and a lot of retailers should be scared and cautious. dave: you say the time to buy all equities is right now. why is now the best time? >> the market over the next six months could reach $15.76, the s&p 500 reach of $15.76 which was the financial bubble, we are seeing good market fiscal cliff issues get resolved maybe 20% -- dave: what if they don't get resolved? >> they will delay the decision at this point and over the next three to six months resolve fiscal cliff issues that there will be resolution. liz: you save $15.76 at $14.09 at the moment. how do we get there? that is a lot of optimism. we need to that market fuel. >> we believe over the next six months the market can reach the financial bubble high we made many years ago and we think this is a great time to invest, this correction was absolutely a time to pu
FOX Business
Nov 28, 2012 3:00pm EST
that have kind of missed the move, a lot of worries about the fiscal cliff, the european sovereign debt crisis. we have some mideast tensions right now. gold at this level is very attractive. liz: we are also looking at oil, to see oil down a couple of dollars here, for example with natural gas down a couple of percentage points. look over the january contract, but what is it like with energy when you don't have any meaningful weather except off on the west coast? >> the weather has been taking a backseat. you're really seeing the fluctuations based on what is going on with the equities and was going on on with the fiscal cliff. i think if things are not hammered out before christmas, there will be a big selloff in stocks, commodities, gold. wait and see what actually will happen. good that there is an optimistic outcome but until we actually see everything ironed out, the devils are the details. liz: $0.58 not a huge deal. these two words, in the morning using the word optimistic and president obama using the word "christmas." and there it is. the drama that has become an intraday picture. we are up 72 points right now. >> that has been quite a move, i tell you. that is a huge swing in terms of what we would have thought
FOX Business
Nov 28, 2012 6:00pm EST
washington sub di size wind energy? more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. i hope it doesn't, but i'm going to break it down next. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the rit attorney to help guie you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized docunt tanswer any questions. get started at legalzoom.com today. and now you're protected. get started at legalzoom.com today. why they have a raise your rate cd. toght our guest, thomas sargent. nobel laureate in economics, and one of the most cited economisists in the world. what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an all
CNN
Nov 28, 2012 2:00am PST
down to the fiscal cliff. can the lawmakers strike a deal to fend off this fiscal disaster? we're talking to a member of the house budget committee, tennessee's republican congresswoman diane black. coming up. i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com to
NBC
Nov 28, 2012 6:00am PST
about that fiscal cliff. nasdaq off about 20 points. s&p 500 down about 8. yahoo! ceo meyers spoke in palo alto last night. nbc and invited guests. closed to reporters. you can see more of this event on the "today" show. meyer will be meeting with the president today to talk about the fiscal cliff. on a much lighter note, they'll be celebrating the 40th anniversary of pong. with the guy who invented pong as a special guest. the building sits on the spot where the old candy tapp tavern was. that was the home of the very first pong machine. why tonight you're wondering. because this worked on the calendar for everybody. that's the reason. >> oh, okay. >> i like the sound effects. it used to be a quarter to play that. >> the very first machine, they called them back because they thought it was broken. it was stuck full of quarters. >> because everybody wanted to play. >> thank you very much. >> those games we played. atari. good day to stay inside. maybe cuddle up with a good game or a book or a movie. chowder weather. temperatures are rather mild out there right now. we have cold air st
CNN
Nov 27, 2012 4:00pm PST
with congressional leaders on the fiscal cliff. and with impending doom as a lot of people describe it, just 35 days away, key lawmakers say the president hasn't worked hard enough with them to broker a deal. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail presumably with the same old talking points that we're all quite familiar with. >> well, now, as far as top democrats are concerned, things haven't been going so well since that november 16th kumbaya meeting at the white house. >> we had a meeting, it went very well. the problem was that was before thanksgiving after the election. and since that time, there's been little progress with the republicans, which is a disappointment to me. >> well, the market didn't exactly like what they heard there either. the dow lost nearly 90 points today. much of it in reaction to harry reid's dismal statement. i got an e-mail with it all in caps, the market is coming in on these headlines from harry reid. this matters, every word they say matters and white house press secretary jay carney was on the defense today. he pointed out as he had done yesterday that the president spoke on the phone with senate majority le
FOX News
Nov 28, 2012 1:00pm PST
saying to deal with the tax shes, the so-called fiscal cliff now in the short-term but wait for spending cuts later next year. take a listen. >> it would give us more time than next year to work together on a comprehensive plan to bring down our deficits, to streamline our tax system, to do it in a balanced way. including asking the wealthiest americans to pay a little more. >>reporter: the president said he would be willing to have a framework in the short-term for spending cuts neck year but republicans likes speaker boehner are saying if you split all this up and only do the tax side and wait on the spend cuts until next year republicans are skeptical the spending cuts will ever actually materialize. this is all very critical because earlier today, erskine bowles, a budget expert who has become an influential figure, said he thinks that there is a two out of three chance that we are going to fall off the fiscal cliff it is a high probability. >>neil: gephardt think it is a possibility to kick the can down for three, six months, and let all of the cuts, delay the cuts, and delaney dressing on the rates for at least that long. how likely is that? >>reporter: it is something that the republicans would like to see so maybe the
CBS
Nov 27, 2012 5:00pm PST
february back in 2009. but that didn't offset worries about the "fiscal cliff." little progress being made on capitol hill and the dow reacted down 89. nasdaq down 9. s&p down 7. >>> thieves know you have already started your holiday shopping. now all they have to do is wait for your packages to be delivered. cbs 5 consumerwatch reporter julie watts on ways to protect your doorstep deliveries. >>> reporter: you could call her the grinch who stole christmas. a brazen robber swiping a delivery from a front porch unabair she was on camera. >> i think it's opportunity. >> reporter: this officer says so-called porch pirating rises dramatically this time of year because there are so many deliveries and packages are easy pickings. >> they may actually be driving around neighborhoods and looking for packages and seeing whatever they see on the porches. >> reporter: but there are many options to protect your packages this holiday season. the old standards have them delivered to your work or neighbor who is home during the day, or take advantage of theft preventing delivery options like signature requirements. if those aren't an option, most
CNN
Nov 27, 2012 6:00pm PST
had a great debate tonight about this fiscal cliff and really it comes down to this. whether the wealthier 2% of americans should be paying a bigger share of taxation. republicans almost to a man or woman seem utterly opposed to this, but warren buffett, the richest guy in america, is advocating that's exactly what should happen. you are somebody who's interesting to me because you give away 90% of all your earnings and you famously do that and you have given away millions as a result. what do you think? i'm assuming you would be in the wealthiest who should give away more, right? >> yeah. i actually think it's better for people to give it away than for it to be taken away. i would maybe disagree with both sides and say i would like to see a tax code that rewards generosity, that rewards behavior that causes people -- see, piers, if somebody taxes me to do good, i don't get any credit for it. it's not my -- it's not my volunteerism involved. on the other hand, if you incentivize people to be generous which by the way, america is by far the most generous nation in the world, and o
CNBC
Nov 28, 2012 6:00pm EST
they aren't going down because business is frozen by the fiscal cliff. if you think about creating a business, if you sell it, you want a good capital gains rate. you might have to start firing in january. i think if we miss this deadline the market will get pounded every thursday as claims spike because of mandated layoff where reports are right that a million people will lose their jobs in 2013. also we failed to rise above. and when that happens, believe me, you'll want every bit of this mountain gear. you'll want this -- we got use this. this will no longer just be a key chain, all right? because if we're going to climb out of the cliff, i need you to be the first there, i need you to be the first to the best stocks. so which are they? i envision all segments getting pummelled but the ones that bounce back first will be the ones that are sold down the worst. to me that manse i want to climb out of clift using a stock like home depot. yeah, man, i'm going to climb out there and get this. home depot. that's one i'm going to get. because it's up 54% for the year. the most visible wi
CNBC
Nov 27, 2012 11:00pm EST
actually got their way out of the down turn at the same time that the fiscal cliff jump would send us right back into one. conundrum, paradox? how can it be? a couple of reasons. first is what really matters. number one asset, her house, and that house price is going higher as we found out from the 3% gain in home prices reported by the case-shiller survey this morning. you get the property values up and you get a consumer who feels that all is not lost. 14,000 may be transitioning from the hole in their house to being in the black again. that could be driving this whole confidence locomotive. >> all aboard. >> it is the single biggest variable that has changed in the last year. the last time we worked the consumer confidence level, it was in february of 2008. home prices were beginning their traumatic fall. we could be having a developing home shortage. also explains the endless buy on the home goods stocks. more important, these housing price increases have to be considered tectonic when it comes to the positive psyche of the homeowners, which might explain the consumer confidence i
CNBC
Nov 28, 2012 6:00am EST
fiscal cliff was out there and we had these negotiations taking place, or do you think that brought things dunn s down to of we factored it in. >> i think we factored it in more right now. there's a bit of an unknown. we do know that the fed is in play and will continue to stimulate. what we're really fighting about is we have an idea of what s&p earnings are going to look like, plus or minus. and now we're really looking at the growth function of it and what multiple do we assign to the marketplace. are we going to shave a full multiple? we're really talking about if earnings are $115 a share on the s&ps, we're talking 50, are we talking 100 points, something like that, a really draconian scenario. that's really what the market is foe cushion focusing on right now, if we do get this fiscal cliff issue off the table and we do get some policies out of washington that are less draconian. >> it looks like they're so far apart that any deal they do get is going to be a pretty weak anemic kiss your sister type deal. does it appear that? >> it certainly does appear that way. i think that what they do, even if
CNBC
Nov 28, 2012 3:00pm EST
earlier in the session but came storming back after encouraging fiscal cliff talk from washington. listen. >> it's time for the president and democrats to get serious about the spending problem that our country has. but i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> wow. that's optimism. there you go. right now the dow jones industrial average is higher by 72 points. 12,950. the nasdaq is also in positive territory by about 11 points. the s&p 500, and you can see the same intraday pattern all three sessions, moving higher into the close. higher by 5.5 points. should investors believe in a rally solely based on encouraging comments? >> in today's "closing bell" exchan exchange, we discuss that. michael, i'll begin with you. the gyrations in this market are extrord their. one guy speaks in d.c., the market goes down. somebody else speaks, the market goes up. how do you play this? >> well
KRON
Nov 27, 2012 5:00pm PST
to avoid the fiscal cliff. events this week were aimed at selling his remedy including allowing higher taxes on the wealthy. republicans are claiming that he should instead be sitting down to talk more with them. >> it seems like our president is having some sort of difficulty turning off the campaign. we need to sit down and work this matter out. >> there is little progress with the republicans which is disappointing to me. i they talked some happy talk about revenues but we only have a few weeks to get something done. >> of republicans have had their own meetings. the fiscal cliff is a series of tax increases and spending cuts that economists predict could send the u.s. into a recession. former senator bob dole of kansas has been hospitalized. not many details were replaceleased. his name was mentioned on the senate floor today. dole over came disabling work injuries to perform his 26 year political career. >> hector camacho camacho died saturday after being shot outside a bar. during his career the flamboyant boxer had a long string of world titles. services will be held in new york where he grew up and that is also where he will be buried. it has been one accusation af
FOX Business
Nov 28, 2012 11:00am EST
, each time that washington lawmakers of any sort makmay commentary pertaining toe fiscal cliff is a market moving event. john boehner being optimistic a deal can be reached. the dow jones industrial now off 30 points having been down more than triple digits, down 113 points so a complete turnaround. it shows to the worries wall street and americans have. back to you. dagen: 2012 on record to be one of the hottest 10 years in history. major shrinking of the sealand to the record temperatures, the findings released at international climate talks, and blamed it on far-reaching climate changes. mitt romney finally gets to go to the white house. not the way he imagined, of course. reporting governor romney will have a private lunch with president obama tomorrow. this'll be the first meeting for mr. romney and the president since the election. connell: all the mayhem over the power ball deal, we will hear why so many people may just be throwing their money away. dagen: the newest smart phone. is it flying off of store shelves? $100 with a contract. is it even worth that? walt mossberg is here to tell you yes or no. and they look at how the world currencies are faring against the dollar. copd makes it hard to breathe, but wit
FOX Business
Nov 27, 2012 9:00pm EST
capital gains. compies trying to get a jump on the fiscal cliff. details and the oracle of all my speaking out on tax policy. next, i'll break down why warren buffett is just plain wrong. ♪ gerri: warren buffett is getting a lot of attention this week for his comments on the fiscal cliff . basically, the investing mobil says it rich people, that is people like him, should pay more in taxes. it sounds magnanimous. i believe the case he builds for higher taxes, well, the reasoning as a big hole in it. here is why. the contention that rich people willtop hiring is nonsense. we already know that more than a million americans to employ people and paying there taxes through ere individual income-tax. according to the heritage foundation, the amount their taxes would rise would be equivalent to one employee salary. one person there would not hire. we will what is more, rinsed and young says these tax hikes would kill 710,000 jobs. buffett also says that rich people will stop investing. again, nonsense. when you tax something usually get less of it, like cigarette taxes to curb smoking or carbon tax to curb carbon emissions. financial advi
CBS
Nov 28, 2012 6:00am PST
somewhat satisfy all sides. the market is falling again on the "fiscal cliff" word. let's look at the numbers. dow down 67 points. nasdaq down by 22. s&p losing 9. apple shares giving up 1.5% this morning. back to you guys. >> thank you. , kcbs moneywatch reporter jason brooks. >>> time for a look at what's coming up later on "cbs this morning." >> norah o'donnell joins us live from washington, d.c. in the capital with more on the big show. good morning. >> reporter: that's right. good morning, frank and michelle. we are here in washington where you'll hear from supreme court justice scalia. the postmaster general, and senator amy klobuchar who is part of a record number of women now in the united states senate. plus a future free of household chores. we'll take you inside the bay area robot lab trying to make that happen. and how would the powerball jackpot change your life? we'll check in with a couple who won more than $200 million earlier this year when we see you right at 7:00. >> a whole lot of change. i could get used it that. >> thank you, norah o'donnell. the big show starts at 7:00. >>> a new ap
CNBC
Nov 27, 2012 7:00pm EST
today. i know everybody in the world blames everything in the fiscal cliff but i'm not so sure. jeff, i want to get your take on these numbers. ko core capital goods. it is a recession signal if i didn't know better. i know you don't want to talk about the fiscal cliff, but that is a lot of what is weighing over what policy is going to be. regarding regulation and taxes. profits are slipping and many believe profits are going to continue to clip? the profits are or earnings clip. i'm worried. they are falling. earnings are flattening out. one of the biggest problems that i'm having is there doesn't seem to be a lot of fear or talk about it. if you look at the fear in the marketplace it is low. it tells me two things one people don't know what is going on or they are not drinking the kool-aide and feel nothing is going to happen. the earning's story is still in tact. look at what is happening in china. they are in the middle of a soft landing. by the time we get to the point where we see valuation become the story again, we could see the market again. >> i think it is a lousy way to d
ABC
Nov 27, 2012 6:00pm PST
increases in spending cuts that so called fiscal cliff. the senate top rbi republican says the president is back on the trail instead of sitting down with lawmakers to negotiate a settlement. the president met with small business owners to built support for the aproich. tomorrow, meeting with middle class families. the president wants higher taxes for the wealthy. and un ambassador susan rice went to capitol hill to meet with republican senators. she's high on the list to secretary of state. she's been under fire from senate republicans over the attac killed four americans, including u.s. ambassador chris stevens. today's meeting did not go well. >> we're doubled by many of the answers that we got. i'm more disturbed now than before. >> the republican senators stopped short of saying they'd block the nomination. they say they need more information and have more questions about the incident in benghazi. >> we're coming up on december to 1. that is the day mayans said the world would end. one scientist has been answering countless letters about the rumors. david morrison has a big job. >> iville lun teared to answer the questions the publ
PBS
Nov 27, 2012 6:00pm PST
two opposing views on how to avert the so-called fiscal cliff from representatives tom price and keith ellison. >> brown: then, president obama sat down with mexico's president-elect, enrique pena nieto, this afternoon. one topic for them and for us tonight: the war on drugs, on both sides of the border. >> suarez: as lawmakers talk of reducing the country's debt, paul solman offers a history lesson on centuries of federal borrowing. >> the united states was going into default. we defaulted on many obligations to foreign creditors and to our own soldiers. >> brown: plus, every month, 1,000 young americans are infected with h.i.v., and most of those with the disease don't even know they have it. hari sreenivasan looks at a new report from the c.d.c. that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this pro
FOX
Nov 28, 2012 6:00am PST
back, dow jones industrial average down 65 points, warren buffet weighing in on the fiscal cliff, he says it is not affecting his long- term investment decisions. >>> new video to show you this morning, a fire in pacifica and this one started 5:30 this morning. the authorities say it was a one-alarm fire and luckily nobody was hurt. >>> an arrangement was set for atingle teem boy -- teenage boy. they robbed several businesses and killed a man during a carjacking and fired shots at police. yesterday the district attorney announced the boy will be tried as an adult but he is not eligible for the death penalty. >>> the second inauguration will be on january 21st. and that's because for the 7th time in history the swearing in date falls on a sunday but president barack obama will privately take the inauguration in the white house and then the following one will be in front of everybody. >>> it is called bay light and it will be decorated featuring ever changing pat answer. it is tee signed pie this institution and will stay up for two years. >>> the weather is affecting everything in
CNBC
Nov 28, 2012 1:00pm EST
to do as well with the fiscal cliff and if so, why wouldn't the anxiety over that cause more buying in gold? >> i think the fiscal cliff is looming. it is kind of in the background. but the sell-off is really triggered by the put buying from yesterday. some kind of fund liquidating. >> we'll send it over to you. >>> we'll speak with a key player in the fiscal cliff negotiations, senator kent conrad from north dakota just joined me. >>> plus warren buffett saying earlier on cnbc saying under his plan he'd pay a 35% tax on all the money he earns. good move? we'll discuss it when we come back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho
FOX
Nov 28, 2012 7:00am PST
slightly due to the concern of the lack of progress in the fiscal cliff. sales of new homes dipped 3% in october. but they are up over 20% compared to a year ago. taking a live look at the big board, the dow is down 14. the nasdaq is down 5. s&p down 2. >>> there are reports some groupon board members want to replace the current cfo. all unhappy board members want to find a new experienced cfo to replace andrew may son. he's the biggest shareholder and. the board is scheduled to meet tomorrow. >>> egyptians are protesting tahrir square, showing their anger at president mohammed morsi. you can see all of the people protesting a decision by egypt's newly elected president, giving himself sweeping new powers. the protesters have classed with place in some of the demonstrations and just today, the judge announced they are suspending their work until president morsi rescinds those decrees. >>> this is santiago, chile, a new law requiring fishing quotas which independent fishermen say discriminates against them in favor of big operations. the law would allow fishermen to use gps systems which they say is another cost they just can't afford. >>> today, u.n. ambassador susan rice heads back to capitol hill
Current
Nov 28, 2012 3:00am PST
and all of that stuff. please. >> bill: from fiscal cliff. and now president obama is going to take his arguments on the road. his plan on the road again. should he be doing that or should he be sitting down with mitch mcconnell and john boehner. we'll be talking about that with victoria and daniella. welcome you to the conversation. 1-866-55-press. we'll be right back on the "full court press." >> announcer: this is the "bill press show" live on your radio and current tv. human being, that's really important. this is not just a spectator sport. rich, chewy caramel rolled up in smooth milk chocolate. don't forget about that payroll meeting. rolo.get your smooth on. also in minis. but whether he's climbing everest, scuba diving the great barrier reef with sharks or jumping into the market he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things like what the market is doing and being ready, no matter what happens which isn't rocket science. it's just common sense from td ameritrade. we have a big, big hour and the i.q. will go way up. how are you ever going to solve the problem if you don't look at
CBS
Nov 28, 2012 7:00am PST
slowing down and we're looking at a potential fiscal cliff stalemate. >> desmight republicans to put higher tax revenue from the wealthy on the table, democrats are scoffing. he they talked happy talk about are skofg.t we only have a auple of weeks to get something ouple of we have to get away from the happy talk and start talking aout specific things. dent obama hasbama has no new witht talks scheduled with congressional leaders but will cong phila suburban philadelphia aiday to press for an immediate bushto extend bush era tax cuts for m ers.blicans call that agningless electioneering. >> we congratulate him on his re-election. we don't know if he has enough todership qualities to push democrats. >> cost savings to health care aregrams like medicare and medicaid. everyry dollar that's ever been secured for anything is sacred. to they'll defend it to the wath, regardless of what it means for jobs or the economy. > a tough white house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these are people tha
FOX News
Nov 28, 2012 3:00pm PST
. to get off the fiscal cliff. this is "special report." ♪ ♪ >> bret: good evening. i'm bret baier. is it a negotiating ploy or really what president obama beliefs can happen? the president may be going down a new path tonight in deficit reduction efforts. it's a path that is sure to lead to many obstacles from the other side. chief white house correspondent ed henry has the new developments in a time sensitive story. >> in a dramatic move today, president obama seemed to be trying to split the budget talks to two pieces. suggesting he and lawmakers come up with spending cuts next year after they avoid the fiscal cliff, by extending middle class tax cuts and raising taxes on the rich. >> it would give us more time than next year to work together. on a comprehensive plan to bring down the deficit, streamline our tax system. do in a balanced way. >> the president apparent shift away from spending and tax altogether now in a big deal could increase the chances of a market rattling fall off the cliff. since the republicans want spending cuts included. >> republicans are willing to put revenue on the table. but it's time for the president and democrats to get serious about the spending problem t
NBC
Nov 28, 2012 4:00am PST
progress on fiscal cliff talks stalled stocks yesterday so today we'll have to see what happens when goldman sacks ceo lloyd blankfein, comcast ceo brian roberts of this network's parent company, and yahoo chief marissa myer join other corporate execs at a white house budget meeting with the president. >>> on the streets, new home sales data and the feds beige book survey will be released. >>> the best consumer confidence reading in nearly five years took investors by surprise yesterday. >>> after hours green mountain coffee perked up more than 20% thanks to sharply higher than expected earnings. >>> elsewhere, monster beverage got a boost from news that the fda is taking a closer look at the health effects of energy drinks. investors are betting a looming crackdown on the industry may be overblown. >>> in the wake of apple's recent apology for the failings of its mapping app, a second employee involved in its mapping operations has reportedly been fired. >>> more than 15,000 of these step 2 children's riding toys are being recalled because kids who lean too far forward on the seat c
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